Gokul Agro Resources Ltd. (GOKULAGRO) AI Stock Analysis

• Market Cap: ₹54.19B
• Dividend Yield: N/A
• Average Volume (3M): 59.06K
• Price to Earnings (P/E): 17.0
• Beta (1Y): 1.29
• Revenue Growth: 34.34%
• EPS Growth: 45.32%
• Country: IN
• Employees: 837
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 2.63
• Shares Outstanding: 295,086,730
• 10 Day Avg. Volume: 105,451
• 30 Day Avg. Volume: 59,060
• PEG Ratio: 0.09
• Price to Book (P/B): 1.73
• Price to Sales (P/S): 0.09
• P/FCF Ratio: 7.80
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: ₹209.00 ▲(21.51% Upside)
• Action: Upgraded Date: 12/02/25
• Date: Action: Upgraded 12/02/25

Gokul Agro Resources Ltd. receives a strong overall score driven by its robust financial performance and positive technical indicators. The stock's valuation is moderate, with a P/E ratio suggesting fair pricing. The absence of a dividend yield is a minor drawback, but the company's growth potential remains promising.

Positive Factors

Revenue Growth

A 41.1% year-on-year revenue increase indicates durable demand and expanding market penetration in edible oils and by-products. Sustained top-line growth supports scale benefits, better negotiating power with suppliers and customers, and provides capacity to invest in processing or distribution over the next 2–6 months.

Cash Generation

A 514% rise in free cash flow and an operating cash flow to net income ratio of 1.9 demonstrate strong cash conversion from operations. Robust cash generation reduces refinancing risk, funds working capital and capex needs, and strengthens the company’s ability to sustain operations through commodity cycles.

Balance Sheet Strength

An improving equity ratio, modest debt-to-equity of 0.52 and ROE of 23.7% point to prudent leverage and effective capital deployment. This structural balance sheet health enhances financial flexibility, supports access to credit for expansion, and cushions the business against cyclical stress in agri-commodities.

Negative Factors

Low Net Margin

A net margin of 1.3% is thin for long-term resilience; it leaves limited room to absorb input cost shocks or adverse pricing moves. Over time, such low absolute profitability requires either sustained volume growth, improved crush margins, or cost efficiencies to translate revenue gains into durable shareholder returns.

Thin Operating Margins

Gross and EBIT margins below 5% indicate structural pressure on pricing and limited operating leverage in processing/trading. Persistent thin margins constrain reinvestment capacity and increase sensitivity of profits to commodity and logistic cost swings unless the company secures sustained margin improvement or differentiation.

Commodity Price Exposure

Business economics depend heavily on oilseed procurement costs and crush spreads, creating structural earnings volatility. Without robust hedging or long-term supply contracts, profitability will remain exposed to commodity cycles, pressuring margins and cash flow predictability over multiple quarters.

Gokul Agro Resources Ltd. Business Overview & Revenue Model

Company Description

Gokul Agro Resources Limited manufactures and trades in edible and non-edible oils, meals, and other agro products in India, the United States, South Korea, European Union, China, Singapore, Indonesia, Malaysia, Russia, and Vietnam. The company offers soya bean oil, cottonseed oil, palm oil, sunflower oil, groundnut oil, vanaspati, etc.; and other industrial products, such as castor oil of various grades and its derivatives. It also provides castor seed and soya bean meals; hulled, natural, and black sesame seeds; fenugreek, cumin, and ajwain seeds; and wheat, rice, barley, maize, and chick peas. The company offers its products under the Vitalife, Zaika, Mahek, Pride, Richfield, Puffpride, and Biscopride brand names. Gokul Agro Resources Limited was incorporated in 2014 and is based in Ahmedabad, India.

How the Company Makes Money

Gokul Agro Resources Ltd. primarily makes money by converting agricultural commodities into higher-value products and selling them to downstream customers. Key revenue streams typically include (1) sales of edible oils produced through oilseed processing (e.g., refined and/or other forms of edible oils), (2) sales of oilseed by-products generated during crushing and refining (such as oil cakes/meals used largely in animal feed), and (3) trading/distribution revenue from buying and selling oilseeds, edible oils, and related agri-commodities. Earnings are influenced by processing volumes, procurement costs of oilseeds and crude oils, realized selling prices for edible oils and by-products, and overall commodity price spreads (crush margins). Specific details on customer concentration, named partnerships, or segment-wise revenue breakdown are null.

Gokul Agro Resources Ltd. Financial Statement Overview

Summary

Gokul Agro Resources Ltd. has demonstrated strong financial performance with robust revenue growth, efficient operations, and solid cash generation. The balance sheet is stable with prudent leverage management, though there is room for improvement in optimizing leverage.

Income Statement

Gokul Agro Resources Ltd. demonstrated robust revenue growth with a 41.1% increase from the previous year, showcasing strong market demand. Gross profit margin improved to 4.8%, indicating better cost management. Net profit margin is at a healthy 1.3%, reflecting efficient operations. EBIT margin stood at 4.5%, further confirming operational efficiency. Overall, the company showcases strong growth and profitability in a competitive industry.

Balance Sheet

The company maintains a strong balance sheet with an improving equity ratio of 25.4%, indicating a solid financial foundation. The debt-to-equity ratio is 0.52, which suggests prudent leverage management, although there is room for further optimization. Return on equity improved to 23.7%, highlighting effective use of shareholder funds. Overall, the balance sheet reflects a stable financial position but with potential for better leverage management.

Cash Flow

Free cash flow has shown significant growth, with a 514% increase, indicating improved cash generation ability. The operating cash flow to net income ratio is 1.9, suggesting robust cash conversion from operations. However, the company should focus on sustaining this cash flow performance to support future investments. Overall, the cash flow statement suggests strong cash generation with opportunities for maintaining growth momentum.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	220.13B	195.51B	138.54B	107.40B	103.91B	83.87B
Gross Profit	10.36B	9.35B	5.62B	5.65B	4.69B	3.38B
EBITDA	6.08B	5.28B	2.95B	2.81B	2.12B	1.48B
Net Income	2.94B	2.46B	1.36B	1.32B	1.23B	446.88M
Balance Sheet
Total Assets	53.27B	40.80B	32.07B	21.21B	17.17B	15.54B
Cash, Cash Equivalents and Short-Term Investments	5.56B	4.06B	1.50B	839.90M	1.18B	577.06M
Total Debt	5.86B	5.44B	6.04B	4.84B	3.05B	2.01B
Total Liabilities	41.13B	30.44B	24.21B	14.70B	12.47B	12.08B
Stockholders Equity	12.14B	10.36B	7.86B	6.51B	4.70B	3.45B
Cash Flow
Free Cash Flow	413.07M	2.29B	373.35M	-2.17B	-175.28M	1.23B
Operating Cash Flow	843.76M	4.67B	3.55B	-80.22M	555.31M	1.47B
Investing Cash Flow	-341.75M	-2.17B	-2.97B	-2.10B	-456.83M	-80.14M
Financing Cash Flow	-409.16M	-2.47B	23.81M	1.43B	641.42M	-1.27B

Gokul Agro Resources Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 172.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GOKULAGRO, the sentiment is Positive. The current price of 172 is above the 20-day moving average (MA) of 168.09, above the 50-day MA of 165.73, and above the 200-day MA of 170.92, indicating a bullish trend. The MACD of 2.77 indicates Negative momentum. The RSI at 62.09 is Neutral, neither overbought nor oversold. The STOCH value of 78.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GOKULAGRO.

Gokul Agro Resources Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GOKULAGRO	78 Outperform	₹54.19B	17.02	―	―	34.34%	45.32%
GAEL	71 Outperform	₹61.03B	23.97	―	0.20%	6.42%	-39.00%
HNDFDS	65 Neutral	₹57.09B	42.96	―	―	19.77%	28.22%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
HERITGFOOD	62 Neutral	₹28.85B	30.82	―	0.54%	9.83%	-0.92%
KRITINUT	60 Neutral	₹3.19B	9.38	―	0.43%	16.35%	-32.55%
GOKUL	54 Neutral	₹4.11B	18.03	―	―	22.45%	26.18%